The rise of huge quasi-banks that are too big to fail caused the financial crisis, according to Ravi Jagannathan and John Boyd, and they propose a cure.

Although substantial current account deficits can be sustained indefinitely, large deficits in goods and services trade cannot be. Even to stabilise the current account deficit, the United States must restore balance in goods and services trade within a decade or so. If this adjustment is to be...

Is the U.S. vulnerable to a full-blown dollar crisis? Why are international finance economists scared and jittery, but domestically-oriented macroeconomists much less concerned?

Aaron Edlin recommends starting the rescue with containment --- unlimited deposit insurance and continuous access to funds --- and then moving to a well thought out plan to quash the financial flames.

Joseph Stiglitz discusses flaws in the modified Paulson bailout plan and some elements of what should be done, either instead or in addition.

Paulson proposes a top-down solution to the financial crisis by government purchase of bad loans from the lenders to "clean" their balance sheets. But, Barton suggests, a bottom-up solution would be a subsidy to borrowers to ensure full payments, restoring the value of the "toxic assets,"...

We cannot afford to continue on the current path and let banks do as they please regardless of the risks for taxpayers and the economy, according to Joseph Stiglitz.

Battered housing prices are central to today's financial crisis, and Robert Lerman proposes a remedy that does not involve throwing money at Wall Street.

Robert Barro, Paul W. Warburg Professor of Economics at Harvard, questions the plausibility of large fiscal stimulus estimates.

John Thanassoulis of Oxford argues that the level of bankers' pay is a result of market failure, and pay caps are not the politics of envy.